GCE Economics 2023 Objective — Question 31
Question 31 of 50 from the General Certificate of Education (GCE) Economics 2023 Objective paper, with the correct answer and a full explanation.
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One factor that may not promote industrial development is A. granting old firms tax exemptions B. local firms entering into partnership with foreign firms C. setting up industrial estates with modern amenities D. granting capital to firms at reasonable interest rates
- A. granting old firms tax exemptionsCorrect
- B. local firms entering into partnership with foreign firms
- C. setting up industrial estates with modern amenities
- D. granting capital to firms at reasonable interest rates
Explanation
Options B, C and D actively support industrialisation; granting old, already established firms tax exemptions does not particularly promote new industrial development.
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